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Morning Report for Tuesday 19 May 2015
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Top Stories for Tuesday 19 May 2015
6:00 AM.Could the Government's new plans to tax capital gains backfire in the Chinese market, investors there applaud the moves for giving them more confidence to buy. As Bill English prepares to juggle the… Read more Audio
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Te Manu Korihi News for 19 May 2015
6:27 AM.Auckland's Maunga Authority says iwi are making progress in protecting their taonga - the city's tihi - after receiving a large funding boost; A Maori internet working group, Nga Pu Waea, says it will… Read more Audio
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PM acknowledges Treasury looked at tax on property
6:40 AM.The Prime Minister has acknowledged the idea of clamping down on property investors came up in a Treasury paper in 2010. Audio
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NZ warned not to adopt Australian digital security law
6:42 AM.The head of the Security Intelligence Service says the Islamic State's sophisticated use of social media underlines the need for greater digital security. Audio
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HB emergency shelter on Budget wishlist
6:44 AM.An emergency shelter is on the Budget wishlist for a Hawke's Bay couple who help feed the homeless. Audio
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Interest rate cut next month?
6:49 AM.Economists say recent changes to tighten up tax and lending rules for property investors are paving the way for interest rate cuts, perhaps as early as next month. Audio
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Report - Rio Tinto revives plans to sell some assets
6:52 AM.It's been reported that Rio Tinto has revived plans to sell some of its aluminium assets, including its smelter in Southland. Audio
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Kiwi Property is raising capital to pay down debt
6:53 AM.Kiwi Property Group says it's raising capital to repay debt ahead of a potential 200-million-dollar expansion of its flagship Sylvia Park property in Auckland. Audio
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Kiwi Property Group makes record full-year net profit
6:54 AM.Meanwhile, Kiwi Property's record full-year result is helping to position the company for a major expansion of its flagship Sylvia Park property. Audio
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Wynyard forecasts higher FY15 revenue
6:55 AM.Shares in Wynyard Group have jumped by 6 percent after the company forecast strong revenue growth. Audio
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Mad Group to open 30 Habitual Fix stores in the United States
6:55 AM.The fresh food company, Mad Group, will launching its Habitual Fix brand in the United States, and expects to open 30 new franchise stores in five states, beginning with California. Audio
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Think tank urges rethink of charities regulation
6:56 AM.A free market think tank says it's time to remove the unfair tax advantages enjoyed by for-profit arms of charity groups. Audio
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Morning markets for 19 May 2015
6:58 AM.Wall Street is up as weak economic data suggests the Federal Reserve may delay raising rates. Audio
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Foreign investors could view tax tightening as a positive
7:11 AM.Far from dampening foreign investors' interest in New Zealand, one Chinese property website predicts the Government's new measures will encourage it. Audio
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Labour Party leader Andrew Little on property tax changes
7:15 AM.He says he agrees the latest measures will have little effect on foreign buyers. Audio
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Housing and tobacco tax
7:20 AM.A Hawke's Bay couple who run a mobile soup kitchen in Napier's Clive Square have sent a message to Bill English about what they want from this week's budget. Audio
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Auckland Councillors rubbish idea of policing dairies
7:23 AM.Some Auckland Councillors are rubbishing the idea that they should police dairies like they do liquor stores, or that limits should be placed on junk food being sold to children. Audio
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Signs of ancient earthquakes may raise risks for New Zealand
7:27 AM.Scientists have uncovered evidence of ancient earthquakes in the Cook Starit/Marlborough area that show the lower North Island and upper South Island is susceptible to devastating tsunamis. Audio
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Greens doubt Govt acting on fresh advice on property tax
7:34 AM.Back now to the latest measures to rein in the Auckland housing market. Audio
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Intelligence head says greater security needed
7:40 AM.The head of the Security Intelligence Service wants greater digital security in New Zealand, to counter the threat posed by Islamic State's use of social media. Audio
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NZ's biggest counselling provider says it might fold
7:43 AM.Relationships Aotearoa, New Zealand's largest provider of counselling services, says it will fold if it doesn't get an assurance this week of more government funding. Audio
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New controls on farms where oil industry waste is dumped
7:53 AM.District councils are to take over the job of making sure Taranaki farmers don't graze stock on land where oil industry waste has been dumped. Audio
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EU Ministers approve plan to combat illegal migrants
7:55 AM.European leaders have been meeting overnight to work out a way to combat their own refugee problem. Audio
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Auckland still a foreign investors' dream despite new measures
8:11 AM.A company promoting New Zealand as a foreign property investors' dream says it'll remain so despite the Government's new tax measures. Audio
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PM rejects polling has anything to do with housing about face.
8:14 AM.The Prime Minister says the decision to tax capital gains on residential properties, bought and sold within two years, has nothing to do with the National Party's polling. Audio
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Almost 200 people set to face charges
8:21 AM.Almost 200 people are to face organised crime charges after a bike-gang shooting in the Texas city of Waco. Audio
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Buoyant tourism industry likely to beat Dairy
8:24 AM.Tourism is expected to overtake dairying as this country's leading export earner within the next year as forecasts show increased visitor numbers and more jobs in the industry. Audio
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An extra 36,000 workers needed in tourism industry by 2025
8:28 AM.The Minister for Tertiary Education, Skills and Employment is Steven Joyce. Audio
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Min. Tolley responds to potential collapse of counselling
8:37 AM.New Zealand's largest provider of counselling services says it will fold if it doesn't get an assurance of more government funding this week. Audio
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CTU: $550M more funding needed in Budget 2015
8:46 AM.The Council of Trade Unions says funding for the health system will need to increase by almost 550 million dollars in this year's Budget to maintain the current level of services. Audio
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Truancy groups blame poverty and social media
8:49 AM.The organisations charged with getting the country's truants back in the classroom have been struggling with high case-loads, difficult families, uncooperative schools - and the power of Facebook. Audio
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Te Manu Korihi News for 19 May 2015
8:53 AM.Auckland's Maunga Authority says iwi are making progress in protecting their taonga - the city's tihi - after receiving a large funding boost; A Maori internet working group, Nga Pu Waea, says it will… Read more Audio
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Warkworth studio lands 17-film deal with China Film Animation
8:57 AM.A New Zealand digital animation company is looking to rival Weta Workshops when it comes to putting its stamp on the big screen. Audio